Chairman & Chief Executive Officer, Fulgent Genetics
Search every verified Ming Hsieh interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ming Hsieh, chairman and chief executive officer of Fulgent Genetics, spoke at a December 2024 event at the University of Southern California about his career and the company's growth. He said that when the COVID-19 pandemic began, Fulgent quickly shifted its capabilities to COVID-19 testing and became one of the top three companies in that market, generating more than $1.5 billion in cash from operations that he stated would be used to support cancer research. Hsieh also discussed his earlier work in biometrics, noting that a fingerprint identification system his company developed received a sole-source contract valued at about $500 million from the Department of Homeland Security. In a 2021 speech at the National Committee on U.S.-China Relations gala, Hsieh said he was a beneficiary of stable and collaborative U.S.-China relations, which he stated allowed him to change from a field farmer to a member of the National Academy of Engineering. He has also spoken about his philanthropic efforts, saying he has donated more than $100 million to support research, educational, and medical institutions. During a 2021 earnings call, Hsieh said the company expected revenue to nearly double in 2021 compared to the record revenue achieved in 2020.
“In today's political events I think we have to figure out how to live with China together — over the past 40 years events like Nixon and Kissinger's trips changed many people's lives and we have all benefited.”
“Los Angeles County Department of Social Services issued an RFP for fingerprint application and six months after deployment we landed a $16 million contract — within six months they recovered the full cost of the four‑year contract because the ID system deterred repeat fraudulent collections.”
“We developed a programmable machine accelerator — using brute‑force, super‑parallel hardware dedicated to fingerprint processing — which brought fingerprint identification to about 99.19% accuracy and set us apart from competitors.”
“The Department of Homeland Security found it pivotal to build an identification search system to screen visitors and deter terrorists — it became one of the world's largest biometric ID systems and we received a sole‑source contract valued at about $500 million after testing by the National Institute of Standards and T...”
Former Transportation Secretary and Labor Secretary Elaine L. Chao and Gala honoree Ming Hsieh make remarks on the occasion of the 2021 NCUSCR Gala. On November 9, 2021, the National Committee on U.S.-China Relations held its black-tie Gala Dinner at The Plaza New York. Members and friends gathered to celebrate the over $2.6 million raised to support the National Committee’s mission and work. This year’s esteemed honoree was Ming Hsieh, chairman, president, and chief executive officer of Fulgent Genetics, Inc., and a board member of the National Committee. More about Ming Hsieh and the Gal…
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Ming Hsieh was the featured speaker and received an honorary Doctor of Engineering at the University of New Haven Spring ...
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